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Mortgage & Equity Release - Call Us 0117 403 4474

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 0.94%
Rate type: Fixed 24 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.3% APRC
Nationwide BS logo 0.94% Fixed 24 months 3.3% APRC 60% £999 £561.24 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 0.95%
Rate type: Fixed 26 months
Monthly cost: £561.92 per month
Max LTV: 60%
Product fee: £1,499
Overall cost for comparison: 3.9% APRC
Platform logo 0.95% Fixed 26 months 3.9% APRC 60% £1,499 £250 cashback £561.92 per month get quotes Call us0117 403 4474
Initial rate: 0.98%
Rate type: Fixed 26 months
Monthly cost: £563.95 per month
Max LTV: 60%
Product fee: £1,999
Overall cost for comparison: 3.7% APRC
Cumberland BS logo 0.98% Fixed 26 months 3.7% APRC 60% £1,999 £563.95 per month get quotes Call us0117 403 4474
Initial rate: 0.98%
Rate type: Fixed 26 months
Monthly cost: £563.95 per month
Max LTV: 60%
Product fee: £1,999
Overall cost for comparison: 3.7% APRC
Cumberland BS logo 0.98% Fixed 26 months 3.7% APRC 60% £1,999 £563.95 per month get quotes Call us0117 403 4474
Initial rate: 0.99%
Rate type: Fixed 24 months
Monthly cost: £564.63 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.9% APRC
Progressive BS logo 0.99% Fixed 24 months 3.9% APRC 60% £995 £564.63 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.00%
Rate type: Fixed 27 months
Monthly cost: £565.31 per month
Max LTV: 70%
Product fee: £999
Overall cost for comparison: 3.0% APRC
Santander logo 1.00% Fixed 27 months 3.0% APRC 70% £999 £565.31 per month get quotes Call us0117 403 4474 More details
Initial rate: 1.00%
Rate type: Fixed 27 months
Monthly cost: £565.31 per month
Max LTV: 70%
Product fee: £999
Overall cost for comparison: 3.0% APRC
Santander logo 1.00% Fixed 27 months 3.0% APRC 70% £999 £565.31 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.02%
Rate type: Fixed 26 months
Monthly cost: £566.67 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.9% APRC
Skipton BS logo 1.02% Fixed 26 months 3.9% APRC 60% £995 £566.67 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.05%
Rate type: Fixed 27 months
Monthly cost: £568.71 per month
Max LTV: 65%
Product fee: £999
Overall cost for comparison: 4.3% APRC
Leeds BS logo 1.05% Fixed 27 months 4.3% APRC 65% £999 £568.71 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.05%
Rate type: Fixed 26 months
Monthly cost: £568.71 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.9% APRC
Platform logo 1.05% Fixed 26 months 3.9% APRC 60% £999 £250 cashback £568.71 per month get quotes Call us0117 403 4474
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Finance For Property Development

Our Property Development Finance Service

Our Property Development Finance Services can provide you with: 

  • Exclusive Deals – We provide you with exclusive mortgage deals that you will not find elsewhere on the high street.
  • Whole of market Service – We compare all deals from all of the top lenders in the market so you do not have to. 
  • Lowest Rates – We give you access to the leading mortgage deals.
  • Swift Turnaround – You can contact us today if you need to work quickly

Thinking of buying a property at auction? – Contact us today on 0117 313 7780 or complete our call back request form.

Left Bullets


Raising finance for property development

If you are property developer, investor or even a landlord looking to make some extensive redesigns; there is a range of funding options available for you that vary depending on your plans and situation.

  • Property Development Mortgages – Property development mortgages are intended for individuals who are looking to add to a portfolio of properties with the intention of selling them on or making them available to rent.
  • Self Build Mortgage and Bridging Loans – People who plan to construct or redesign an individual property for their own use or to sell on can often finance their work using a bridging loan or a self-build mortgage

Deciding what type of property development finance deal is important and can be stressful and difficult. A specialist mortgage advisor will have the expertise to help you choose which type of property development finance deal is most fitting for your circumstances. To find out more call us today on 0117 313 7780 or alternatively, complete our call back request form.

What I should consider before selecting a funding option?

There are several aspects that should be taken into consideration when deciding what funding option is most suitable for you, which include:

  • Your level of experience – If you can demonstrate to lenders a good track record of successfully completing renovation projects, and going on to let or sell the properties; this will greatly help in reassuring potential lenders.
  • Ownership of required land – If you are yet to purchase the required land needed for development, it is possible to receive an advance from mortgage brokers to support the purchase, and to then provide the remainder of the mortgage money to fund the development itself.
  • The condition of the property – Whether the property is in a habitual state at the time the mortgage is arranged is also important to be considered.
  • Changeover of property function - Whether the property is being changed over from one function to another – for instance, a derelict factory into apartments.
  • Your available funds- Some mortgages for property development will oblige you to have funds of around 30-40% of the general budget plan for the development. In the event that you have a proven track record of success in property development, some brokers might be willing to offer higher sums of money on more flexible terms.

Final Thoughts

Essentially, lenders need to be assured that their cash is recoverable if there is a need to sell the property later. For obvious reasons, mortgages for property development are seen as being more financially perilous to lenders than standard mortgages. Consequently, your personal circumstances and intentions with the property must be considered before deciding which funding options are suitable for you.

Property development can be a complex area when it comes to finance. Ultimately, whilst it is important to do your own research, you can also benefit from gaining advice from a mortgage specialist. To speak to us today call 0117 313 7780 or alternatively, complete our call back request form.

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